More borrowers choose longer-term mortgages than two-year deals for the first time
48% of mortgages written in Q4 2017 were for five years or more; 40% were two-year products. 91% were fixed-rate.
Details of next year’s non-resident SDLT surcharge published
The 2% foreign buyer levy "may help to control house price inflation, by leading to a reduction in residential property purchases by non-UK residents," suggests HM Treasury.
By PrimeResi
BoE raises interest rates for the for the first time in a decade: Property industry reactions
"No surprise" from the prime resi sector as the Monetary Policy Committee votes 7-2 to increase the base rate from 0.25% to 0.5%
By PrimeResi
Beneficial Ownership Register to be enforced with five-year jail sentences & unlimited fines
Draft legislation to bring in 'the world’s first public register of overseas entities’ beneficial ownership' has gone before Parliament, promising real teeth in the battle against 'dirty money' in…
By PrimeResi
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One Hyde Park residents win £35mn in building defects case
One Hyde Park Limited has declared a 'decisive victory' as construction firm found liable for remedial works.
By PrimeResi
Buyer sought for rare freehold resi development opp in Marylebone
Prestigious 27,000 sq ft block offered with consent for eight luxury apartments, including a standout penthouse.
£270mn in sales secured at ‘repositioned’ Mayfair scheme
Charles Leigh's team says Q4's standout performance at 60 Curzon 'sends a strong positive signal' for the wider PCL market.
Buying agency secures sizeable discount on Belgravia townhouse
Super-prime residence near The Berkeley was acquired off-market for just under £14mn, illustrating a wider market trend.
My Property Career: Quickfire Q&A with Sian-Louise Tangney
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
In Pictures: North London ‘masterpiece’ with separate cottage seeks £30mn
Exclusive: Listed by DDRE Global, this mansion on Avenue Road is one of the biggest super-prime instructions of the year so far.
By PrimeResi
Leading luxury brokerage expands in the Cotswolds
UK Sotheby's International Realty has bolstered its country house expertise with a brace of senior appointments.
By PrimeResi
Park Modern’s £60mn penthouse finds a buyer
Reports suggest an AI tycoon has picked up the marquee unit at Fenton Whelan's Bayswater scheme, marking the biggest super-prime sale of the last year.
By PrimeResi
GII appoints agents to sell Marriott’s new luxury branded residences in Chelsea
Now fully complete, The Lucan is the first Autograph Collection Residences from Marriott International.
By PrimeResi
Revealed: What UK property professionals earn – and how it stacks up globally
UK real estate salaries rise nearly 10%, but remain well behind the US and Middle East.
LATEST ARTICLES
Park Modern’s £60mn penthouse finds a buyer
Reports suggest an AI tycoon has picked up the marquee unit at Fenton Whelan's Bayswater scheme, marking the biggest super-prime sale of the last year.
By PrimeResi
Gavin Swartzman: Is AI working for you, or are you working for AI?
Global luxury brokerage chief shares three key principles agents and brokers can use to harness the power of AI - and grow their value proposition and business.
Westminster issues key update as ‘cyber incident’ fallout continues
PCL council now expects its normal planning systems to be restored by mid-February.
In Pictures: British joinery firm completes ‘jewel box’ transformation in Knightsbridge
James Wellesley & Paulo Moschino unveil their artisanal reworking of a 'characterless' townhouse, reflecting a wider trend for luxury homes 'designed with soul'.
CoStar faces fresh investor criticism over resi focus
Another shareholder has called for the proptech and data giant - which owns Homes.com and OnTheMarket - to rethink its position on residential property portals.
By PrimeResi